7-1-502. Limitations on jurisdiction of department.
(1) The jurisdiction of the department with respect to the persons and institutions described in Sectionis limited as follows: 7-1-501 to the portion of the business activities conducted in this state or with residents of this state, whether conducted solely or jointly by combination or contract; and to business activities that the department is not prohibited from regulating by the United States Constitution or laws of the United States.
(2) The jurisdictional limitations in Subsectiondo not prohibit the commissioner from requiring an institution described in Sectionto make available for inspection and examination books and records applicable to its business activities in this state, conducted with residents of this state, or relevant to the safety or soundness of a branch in this state. These book and records may include any report filed with a federal or state supervisory agency having jurisdiction over the institution. (1) 7-1-501
(3) Sectiondoes not authorize the department to supervise or regulate, by setting interest rates or otherwise, the operation of money market mutual funds or similar investments subject to supervision and regulation by another department or agency of this state or of the United States. 7-1-501